v3.26.1
Equity instruments
 12 Months Ended
Dec. 31, 2025
Equity [abstract]  
Equity instruments Equity instruments
a) Breakdown
The detail, by classification and type, of Equity instruments in the consolidated balance sheets is as follows:
EUR million
202520242023
Classification
Financial assets held for trading22,030 16,636 15,057 
Non-trading financial assets mandatorily at fair value through profit or loss5,815 4,641 4,068 
Financial assets designated at fair value through other comprehensive income2,281 2,193 1,761 
30,126 23,470 20,886 
Type
Shares of Spanish companies5,083 3,730 3,540 
Shares of foreign companies21,633 17,153 15,185 
Shares of investment funds3,410 2,587 2,161 
30,126 23,470 20,886 
Note 29 contains a detail of the 'Other comprehensive income', recognised in equity, on 'Financial assets designated at fair value through other comprehensive income'.
b) Changes
The changes in 'Financial assets at fair value through other comprehensive income' were as follows:
EUR million
202520242023
Balance at beginning of the year2,193 1,761 1,941 
Net additions (disposals)(81)(35)11 
Changes in the fair value of equity instruments measured at fair value through other comprehensive income (EIGR)A
245 447 (162)
Changes in the RV hedged with micro-hedging transactions(76)20 (29)
Balance at end of year2,281 2,193 1,761 
A.They do not include fair value movements for currency risk hedged with hedging instruments.
c) Notifications of acquisitions of investments
The notifications of the acquisitions and disposals of holdings in investees made by the Bank in 2025, in compliance with Article 155 of the Spanish Limited Liability Companies Law and Article 105 of Spanish Securities Market Law 24/1998, are listed in appendix IV.